Azerbaijan has embarked on the implementation of a project aimed at increasing competitiveness of the country`s key non-oil sectors. Funded by the EU, the project is executed by the Latvian Chamber of Commerce and Industry ...

President Ilham Aliyev: 9 plants will be built in Mingachevir Industrial Park

13.07.2017 [13:06]
“Nine plants will be built in Mingachevir Industrial Park. These plants will create more than 5,000 jobs,” President Ilham Aliyev told a Cabinet meeting. “I hope the first plant will be inaugurated by the end of the year and Mingachevir will expand ...

Textile Producers and Exporters Association established in Azerbaijan

11.07.2017 [16:26]
The Textile Producers and Exporters Association has been set up in Azerbaijan, said deputy Minister of Economy Sahib Mammadov. According to him, this is the ninth organization of producers in the country. ...

Azerbaijan`s minister of economy: $800m have been invested in industrial parks

08.06.2017 [15:27]
“$800 million have been invested in the industrial parks so far,” Azerbaijan`s Minister of Economy Shahin Mustafayev has said. “154 investment promotion documents have been presented to businessmen so far that allowed to invest a total of AZN 1.5 billion in the economy,” he added ...

Iran Daily: Azerbaijan, Iran plant to offer cheaper cars soon

19.05.2017 [15:07]
Iran Daily newspaper has published an article headlined "Azerbaijan, Iran plant to offer cheaper cars soon". The article says: "Azerbaijan and Iran will launch joint manufacture of cars in Neftchala Industrial District. The plant will operate on ...

Chinese YTO tractors to be assembled in Azerbaijan

17.05.2017 [14:30]
Chinese YTO tractors will be assembled in Azerbaijan`s Gusar district as local Stocking and Supply of Food Products OJSC signed a memorandum of understanding with YTO Group Corporation ...

Azerbaijani-Georgian AG Mikroelekronics joint venture to export products to European markets

06.02.2017 [21:36]
“Joint Azerbaijani-Georgian AG Mikroelekronics venture based in Rustavi city will start manufacturing new products. The company will export these merchandises to both the CIS and European markets,” financial director of the AG Mikroelekronics Iosif Masmishvili told AZERTAC ...

Modern engine oil manufacturer opens in Azerbaijan

31.01.2017 [11:18]
First manufacturer of engine oils in Azerbaijan and Caucasus, Technol opened. Officials of the Azerbaijan Ministry of Economy, representatives of many international and local companies and media outlets attended the event. The company’s executive ...

‘The products we exported so far will be produced in Azerbaijan’, President Ilham Aliyev

26.10.2015 [11:05]
‘Today, the modern enterprises created in Azerbaijan meet the highest standards. This is our policy’, President of Azerbaijan Ilham Aliyev stated at the ceremony to launch new installations in the Ethylene and Polyethylene Plant of "Azerkimya" Production Union in Sumgayit ...

Oil price on world markets

07.07.2015 [10:56]
The price of oil fell in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $4.40 to stand ...

Azerbaijan, Islamic Corporation for Development of Private Sector discuss prospects for cooperation

04.05.2015 [20:40]
Azerbaijani Minister of Economy and Industry Shahin Mustafayev has met with Chief Executive Officer of Islamic Corporation for the Development of the Private Sector (ICD) Khaled Mohammed Al-Aboodi, who is in Baku to attend the 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), to discuss prospects for cooperation ...

Oil price on world markets

28.04.2015 [12:14]
Oil prices have changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the Light crude oil has increased $0.06 to trade at ...

Azerbaijan Steel Production Complex, BelAZ explore cooperation prospects

22.04.2015 [19:50]
Azerbaijan Steel Production Complex and BeLaz, a Belarusian manufacturer of haulage and earthmoving equipment, have discussed ways of expanding cooperation. Chairman of Azerbaijan Steel Production Complex Samir Jafarov met CEO of BelAZ Pyotr Parkhomchik ...

Oil price on world markets

03.03.2015 [10:50]
Oil prices have decreased in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the Light crude oil has decreased $0.17 to trade at $49.59, as well price of British Brent crude oil at the London ICE ...

Azerbaijani President: This year we expect to set up large metallurgical complex

12.01.2015 [17:09]
“This year we expect to set up a large metallurgical complex. Work on this complex has been under way for some time now. Foreign consultants have been engaged. We can say that the feasibility study is now ready. We have natural resources and ore deposits,” said President Ilham Aliyev at a Cabinet meeting. ...

President Ilham Aliyev: We opened more than 230 new industrial enterprises in 2014

03.01.2015 [14:53]
“This year was declared the Year of Industry in Azerbaijan. Our industrial capacity increases with every year. Azerbaijan has made tremendous progress in this area, and the work done in this area this year is no exception. Thus, this year we opened more than 230 new ...

KamAZ trucks to be assembled in Azerbaijan

24.12.2014 [15:52]
KamAZ trucks will be assembled in Ganja. Azerbaijan’s Ganja Automobile Plant and “KamAZ” Open Joint Stock Company plant signed several agreements on ...

International industry conference kicks off in Baku

26.11.2014 [14:32]
An international conference on entitled " Industrialization in the 21st century: main trends of industrial policy, a modern approach and practices" has started in Baku. Opening the event, Azerbaijani minister of economy and industry Shahin Mustafayev said the conference will ...

Azerbaijan, UN Industrial Development Organization sign Framework Programme on Cooperation

26.11.2014 [12:59]
The government of Azerbaijan and the United Nations Industrial Development Organization (UNIDO) have signed a Framework Programme on Cooperation. ...